Which of the following would increase a country's Economic Freedom of the World rating?
A) reliance on central planning rather than open markets
B) monetary instability and trade restrictions
C) free trade and low taxes
D) extensive regulation and restricted entry into markets
C) free trade and low taxes
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When Electronic Arts, the company behind the games Zuma and Plants vs
Zombies, sold stock to the public for the first time in September 1989, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers, the sales take place in a ________ market. A) primary; primary B) secondary; secondary C) primary; secondary D) secondary; primary
External debt refers to the portion of the national debt owned by private individuals and internal debt refers to that part owned by the public sector
a. True b. False Indicate whether the statement is true or false
A simple linear demand function may be stated as Q = a - bP + cI where Q is quantity demanded, P is the product price, and I is consumer income. To compute an appropriate value for c, we can use observed values for Q and I and then set the estimated income elasticity of demand equal to:
A. c(Q/I). B. -b(I/Q). C. Q/(cI). D. c(I/Q).
Suppose the market supply for good X is given by QXS = -100 + 5PX. If the equilibrium price of X is $100 per unit then producer surplus is
A. $1,600. B. $16,000. C. $400. D. none of the statements associated with this question are correct.